In June, the Consumer Financial Protection Bureau (CFPB) announced that it had updated the Consumer Handbook on Adjustable Rate Mortgages booklet, also known as the CHARM booklet, which is required under the Real Estate Settlement Procedures Act and the Truth-in-Lending Act . (The requirement to provide the booklet is found under Regulation Z, 12 CFR 1026.19(b)(1)). The CFPB updated the CHARM booklet to better align with its educational efforts, to be more concise, and to improve readability and usability.

Creditors may, at their option, immediately begin using the revised CHARM booklet, or a suitable substitute, to comply with the requirements in Regulation Z. The Bureau understands, however, that some may wish to use their existing stock of the CHARM booklet. Therefore, those who provide this publication may use earlier versions of the CHARM booklet until existing supplies are exhausted. When reprinting the CHARM booklet, the most recent version should be used. The updated CHARM booklet is available at: uments/cfpb_charm_booklet.pdf.


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